When your new home is nearing completion (usually around the time the cabinets are being installed), Team 101 will order an appraisal to determine the approximate value.
The appraisal is a necessary component of the mortgage process, and because your home will not be entirely completed when the appraiser first visits, the process is slightly different than purchasing an existing home.
Paying for the Appraisal
The appraisal fee is the only fee we charge outside of the closing costs (that are rolled into your loan). We will send you a link where you can make payment prior to the initial appraisal. The appraisal fee is usually between $450 and $600. We will send you a copy of your appraisal once it has been completed.
Should I Get a Home Inspection?
Since your new home goes through a rigorous set of inspections from the city and county, it is not always necessary to get a home inspection. However, it is entirely up to you.